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Stock Market & Financial Investment News

News Breaks
July 2, 2014
05:32 EDTTRGP, NGLSTarga Resources Partners downgraded to Market Perform at Wells Fargo
Wells Fargo downgraded Targa Resources Partners (NGLS) to Market Perform from Outperform citing valuation but raised its price target range for shares to $67-$70 from $62-$65. Wells raised its price target range for Targa Resources (TRGP) shares to $156-$161 from $125-$130 and keeps an Outperform rating on the name.
News For NGLS;TRGP From The Last 14 Days
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February 12, 2016
11:51 EDTNGLS, TRGPTarga Resources, Targa Resources Partners stockholders approve merger
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February 11, 2016
09:48 EDTTRGPTarga Resources to host special shareholder meeting
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February 1, 2016
18:21 EDTNGLS, TRGPTarga Resources' acquisition of Targa Resources Partners receives recommendation
Targa Resources (TRGP) announced that three proxy voting advisory firms, Institutional Shareholder Services, Glass, Lewis & Co. and Egan-Jones Proxy Services, have recommended that their clients vote in favor of the proposals related to TRC acquiring all of the outstanding common units of Targa Resources Partners (NGLS) that it does not already own. The Board of Directors of TRC, the Conflicts Committee of the Board of Directors of the general partner of TRP and the Board of Directors of the General Partner of TRP unanimously approved the merger agreement. Special meetings for TRC stockholders and TRP common unitholders will be held on February 12. Subject to the voting approvals, and certain other customary closing conditions, the merger is expected to close on February 17.

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